Blockchain Press Releases
Battery Recycling Market to Stage a Comeback from its Pandemic-Period Stagnation and Grow at a Fascinating CAGR of 14.5% in the 2022-2031 Timeframe | Research Dive
The global battery recycling market is expected to grow primarily due to increasing demand for electric vehicles. Lead Acid Batteries (LAB) sub-segment is expected to flourish immensely. The market in the Asia-Pacific region is predicted to grow at a high CAGR by 2031.
NEW YORK, June 28, 2023 /PRNewswire/ — Global Battery Recycling Market Forecast Analysis:
As per the report published by Research Dive, the global battery recycling market is expected to register a revenue of $47.2 billion by 2031 at a CAGR of 14.5% during the forecast period 2022-2031.
Segments of the Battery Recycling Market
The report has divided the battery recycling market into the following segments:
- Battery Type: Li-ion Battery, Lead Acid Battery (LAB), nickel-based Battery, Zn-MnO₂ based battery, and others
- Lead Acid Battery (LAB)– Dominant market share in 2021
The impressive recycling rate of lead acid batteries of above 90%, making them the most recycled consumer product, is predicted to boost the growth of this sub-segment by 2031. - Source: consumer electronics, automotive, industrial, and others
- Consumer Electronics– Significant market share by 2031
Growing demand for batteries due to surge in demand for electronic devices is expected to aid the sub-segment to register significant growth numbers by 2031. - Technological: pyrometallurgical, hydrometallurgical, hybrid, and others
- Pyrometallurgical– Significant market share by 2031
The less waste liquid output and high efficiency offered by pyrometallurgical processes is expected to aid the sub-segment to register significant growth numbers by 2031. - Region: North America, Europe, Asia-Pacific, and LAMEA
- Asia-Pacific – Most dominant by 2031
The increase in the number of EV and electronic product sales across India, Japan, South Korea, and Australia is expected to help the battery recycling market to flourish immensely in the forecast period.
To get access to the Complete PDF Sample of Battery Recycling Market Click Here!
Dynamics of the Global Battery Recycling Market
A growth in the demand for electric vehicles across the globe is expected to make the battery recycling market highly lucrative in the forecast period. Furthermore, increasing adoption of renewable energy sources is anticipated to help the market reach new heights. However, according to market analysts, high initial costs of battery recycling might become a restraint in the growth of the market.
Increasing environmental regulations to reduce greenhouse gas emissions is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, growing demand for lithium-ion batteries is expected to propel the battery recycling market forward in the coming period.
COVID-19 Impact on the Global Battery Recycling Market
The Covid-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The battery recycling market, too, experienced a negative impact of the pandemic. Disruptions in global supply chains led to inefficient supply of batteries for electric vehicles. This reduced the demand for battery recycling which affected the growth rate of the market during the pandemic.
Key Players of the Global Battery Recycling Market
The major players of the market include
- GEM Co. Ltd.
- ENERSYS
- The Doe Run Company
- Guangdong Brunp recycling Technology Co. Ltd.
- Glencore
- ACCUREC-Recycling GmbH
- Battery Systems Inc.
- Li-Cycle Corporation
- RecycLiCo Battery Materials Inc.
- Umicore
These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain market growth.
For instance, in March 2022, Retriev Technologies, a leading lithium battery recycler in North America, announced the acquisition of Battery Solutions, a battery management solutions provider. This acquisition is predicted to offer numerous expansion opportunities to the acquiring company i.e., Retriev Technologies in the near future.
What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter’s five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
More about Battery Recycling Market:
- The Overarching Effect of Battery Recycling on Global Ecology and Economy
- Growing Demand for Electric Vehicles Globally Expected to Propel the Growth of the Global Battery Recycling Market by 2031
Some Trending Reports:
- The Global Biochar Market Size is predicted to be valued at $2,366.4 million by 2031
- The Global Automotive Battery Recycling Market Share is predicted to be valued at $19,476.4 million by 2031
- The Global Offshore Wind Market is estimated to be valued at $61,443.7 million by 2028
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Contact:
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Research Dive
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Following a management buy-out by the management team at TOKO FZE, the business has been rebranded as Scintilla, the revolutionary platform providing on-chain solutions and services to make investments more inclusive, accessible, and efficient. Having been developed within DLA Piper’s Law& innovation portfolio, TOKO – now Scintilla has a fresh brand identity, new leadership, and innovative product offerings. Scintilla is set to reshape the future of finance by enabling businesses to unlock the power of blockchain technology across various asset classes, with DLA Piper remaining as a minority shareholder.
Regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), Scintilla is one of the first digital asset companies to gain full market licenses, marking a significant milestone in the sector’s landscape. Being a regulated entity underscores Scintilla’s commitment to the highest standards of compliance and security while pioneering new solutions for tokenization in the global market.
Innovating Finance Through Tokenization
Scintilla offers a comprehensive suite of tokenization services designed to bring liquidity, transparency, and efficiency to traditional finance sectors. From tokenized financial products, and real estate all the way to new legal funding products, Scintilla’s digital asset solutions enable clients to tokenize assets that were previously inaccessible to investors or illiquid.
Scintilla’s services include:
Advisory Services: The gateway to successful market entry. From initial opportunity assessment to strategic development of game-changing tokenization-based solutions.
Use Case Development: Bringing products to life. From initial POC development and iteration towards MVP all the way through to the full market launch.
Broker/Dealer Services: Creating new markets. Regulated primary market trading, ensuring the highest levels of trust and security within the tokenization space.
Exchange Services: Universal participation. Seamless, secure secondary trading of tokenized assets, with industry-leading technology and compliance standards.
Scintilla is uniquely positioned to capitalize on the confluence of Dubai’s world-leading regulatory environment, cutting-edge technology, and the burgeoning RWA market.
A New Era for Scintilla
The relaunch of Scintilla represents more than just a rebranding—it signifies the company’s growing ambition to lead in the digital asset space. With an expanded team of industry experts, including continuing Board representation from DLA Piper, and a clear strategic vision, Scintilla is set to drive the adoption of tokenization in traditional financial markets.
“Our relaunch marks the beginning of an exciting new chapter for Scintilla and the wider industry. We are committed to pushing the boundaries of what is possible in digital finance while ensuring our solutions are underpinned by strong regulatory compliance,” said Tim Popplewell, CEO of Scintilla. “With our new suite of products and services, we are empowering investors to transform the way they manage and access value.”
Jean-Pierre Douglas-Henry, Managing Director, Sustainability and Resilience, DLA Piper added: “Innovation is a key strand in our business strategy. As our business focuses on developing and nurturing innovations that add significant value to our clients through our Law& innovation program, it is fantastic to see this solution spun out into the thriving digital asset space for the next stage of its growth and development.”
The post DLA Piper’s crypto tokenization engine TOKO relaunches as Scintilla appeared first on HIPTHER Alerts.
Blockchain Press Releases
KuCoin Managing Director Alicia Kao Highlights Crypto Education at Blockchain Life 2024
DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency market, proudly participated in Blockchain Life 2024, one of the industry’s premier events, held in Dubai as Stage Sponsor and Gold Sponsor. This event brought together a diverse group of enthusiasts, professionals, investors, and traders to delve into the ever-evolving world of blockchain and cryptocurrency.
During her keynote speech on “Shaping Crypto Minds with KuCoin: Education Makes Mastery,” Alicia, Managing Director of KuCoin, highlighted the knowledge gaps currently facing the industry. KuCoin is actively addressing these through its various educational initiatives. In the first half of 2024 alone, KuCoin Learn attracted 1.5 million engaged users, while its Learn and Earn program saw participation from over 2.72 million users since its inception. These programs are part of KuCoin’s broader effort to elevate user education and ensure traders and investors have the tools they need for informed participation in the crypto space.
Alicia emphasized the importance of security in her presentation, reiterating KuCoin’s commitment to prioritizing user needs and safeguarding their interests. “At KuCoin, we believe that an educated user is a secure user. Our educational platforms, including KuCoin Learn and KuCoin Campus, are designed to empower our users with knowledge that enhances their trading experiences while emphasizing the critical importance of security,” she stated.
In addition to her keynote, Alicia participated in a panel discussion titled “Crypto Exchanges and Private Investors: Shaping Investment Strategies and Adapting to Market Trends.” The panel explored effective strategies for navigating the crypto industry, focusing on how centralized exchanges (CEXs) can help foster industry growth by aligning with investor needs in changing market conditions.
KuCoin’s presence at Blockchain Life 2024 underscores its ongoing commitment to leadership through education in the cryptocurrency sector. It prepares its users to participate in and excel in the evolving digital economy.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Blockchain Press Releases
Bybit’s WSOT Copy Trading Fest Offers 100,000 USDT Prize Pool for Crypto Investors
DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announces the WSOT Copy Trading Fest, inviting crypto traders and investors to compete for their share of an exciting 100,000 USDT prize pool. Running until October 31, 2024, the event offers participants the opportunity to showcase their expertise or leverage the strategies of top traders.
The World Series of Trading (WSOT) 2024 marks the fifth edition of Bybit’s premier crypto trading event, renowned for bringing global traders together. This year’s WSOT features a total prize pool of up to 10,000,000 USDT, with the Copy Trading Fest adding a unique competitive element for both seasoned and beginner traders.
Tailored for All Traders
- Experienced Traders:
- Compete as Master Trader by executing winning strategies and aiming for the 100,000 USDT prize pool. The top 50 Master Traders with the highest PnL will split the 50,000 USDT pool.
- New and Aspiring Investors:
- Join as Follower, copying the strategies of Master Traders to maximize returns without needing advanced technical skills. The top 100 Followers by PnL will split an additional 50,000 USDT pool.
How to Join and Compete
- Choose Your Role: Decide whether you’ll lead as a Master Trader or copy trades as a Follower.
- Meet the Eligibility Criteria: Ensure a minimum $50,000 trading volume during the event to qualify for rewards.
- Accumulate PnL: Both realized and unrealized profits count towards your leaderboard ranking.
- Fast Rewards: All prizes will be credited to the Bybit Rewards Hub within 10 days after the event ends.
Seize the Opportunity Today!
Whether you’re aiming to showcase your expertise or earn passively by following seasoned traders, the WSOT Copy Trading Fest offers a competitive, transparent, and rewarding experience. With the trading community buzzing, now is the time to jump in and claim your share of the 100,000 USDT prize pool.
#Bybit / #TheCryptoArk / #WSOT2024
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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